14 09, 2018

What Qualifies As Proof Of Funds?

By |2018-09-14T10:18:38+00:00September 14th, 2018|Categories: Flipping, Hard Money, Income, Investing, REIs|Tags: , |0 Comments

Earlier, we discussed what a Proof of Funds letter was and why people need them. So, what qualifies as Proof of Funds and where do you get them? Anywhere your liquid assets are held can provide you with a proof of funds letter. Of course, this means that your bank can provide you with a proof of funds letter to show that you have money in your account. Plus, certain credit lines or money market accounts might qualify too when the funds can be readily accessed. These institutions can also provide you with a proof of funds letter. Unfortunately if

14 09, 2018

What Are Proof Of Funds Letters?

By |2018-09-14T09:55:08+00:00September 14th, 2018|Categories: Down Payment, Hard Money, Investing, REIs|Tags: , , |0 Comments

Proof of Funds Letters can help buyers get under contract quickly. They are a personalized statement that shows that you have funds set aside for a fix and flip real estate investment. A Proof of Funds letter proved that you have enough liquid cash to purchase your investment home. Why do sellers need a Proof of Funds letter? No seller would want to take a home off the market unless they know that a buyer can actually pay for their home.  So, buyers must provide Proof of Funds letters. Even if getting financed, sellers will want to make sure you

19 08, 2017

Know When to Hold ‘Em… Signs You Shouldn’t Buy an Investment Property

By |2017-08-19T10:00:50+00:00August 19th, 2017|Categories: Hard Money, Home Improvements, Investment, REIs|0 Comments

As a real estate investor, you know how important it is to make each property an exceptional purchase. However, there are some properties that you should just pass on, no matter how eager you are to make a flip. Here are some red flags for property showings that should signal for you to move on to the next deal. Wood rot. Examine the property thoroughly for signs of rotten wood. Wooden decks and floors surrounding tubs, toilets and sinks should be inspected. If you find signs of rot on the outside, there’s a good chance that behind the wall is

3 05, 2017

5 Common Mistakes REIs Make With Signs

By |2017-05-03T10:00:10+00:00May 3rd, 2017|Categories: REIs, Selling|0 Comments

Signs are a terrific way to advertise a property you have for sale. At the same time, don’t fall victim to these common mistakes! Breaking the Law – depending what county you live in, it may be illegal to post signs for your property. In some counties, you can only post them on specific days (for example, on weekends). The last thing you want is to spend all of your time placing your signs, only to be fined and have them removed. Your sign is too small – simply put, a person cannot read what they cannot see. You should

7 04, 2017

5 Kitchen Design Trends REIs Need to Know About in 2017

By |2017-04-07T13:11:19+00:00April 7th, 2017|Categories: Flipping, Investment, REIs|Tags: , , , , , |0 Comments

As a real estate investor, you already know that a great kitchen can sell a house—so what makes a great kitchen? Check out 2017’s five hottest kitchen design trends to find out. 2017 Kitchen Design Trend #1: Grays, Not Whites Gray is “in” right now, especially with millennials hitting the market as first-time buyers. Combined with rich, stained wood, it’s warm and inviting—exactly what new buyers want. 2017 Kitchen Design Trend #2: Hydraulic Cabinet Doors Hydraulic kitchen cabinet doors are space-age space-savers, and it turns out they’re just what homebuyers want in 2017. With the push of a button, the

16 01, 2017

2017 Bathroom Trends REIs Need to Know About

By |2017-01-16T10:00:35+00:00January 16th, 2017|Categories: Flipping, Hard Money, Home Improvements, Home Upgrades, REIs, Remodeling Tips|Tags: , , , , , , |0 Comments

If you’re a real estate investor, you need to know all about the 2017 bathroom trends—especially if you expect buyers to fall in love with what you’re putting on the market for resale. 2017 Bathroom Trends for REIs and House-Flippers This year, much like last year, a bathroom can be a deal-maker or a deal-breaker. However, the 2017 bathroom trends have taken a turn toward nature. Blending organic with new, shiny, and functional is the way to go this year if you’re a real estate investor. The bathrooms that capture the most favorable attention will have: Clean colors Neat lines

15 12, 2016

Popcorn Ceilings? Get Rid of Them!

By |2016-12-15T10:00:57+00:00December 15th, 2016|Categories: Flipping, Hard Money, Hard Money Loans, REIs, Remodeling Tips|Tags: , , |0 Comments

Popcorn ceilings are -- thankfully -- a fad of the past. Unfortunately, they’re still in many older homes, and homebuyers don’t want anything to do with them. If you’re thinking of flipping a house and it has popcorn ceilings, you’ll be happy to know there are quite a few simple tricks to remove them and start fresh. Depending on the home's age, you’ll want to do a lead and asbestos check before you make your decision to remove it. If the house was built before 1980, the possibility that asbestos will show up in testing is high, so you’ll have to call in the

21 11, 2016

Amazing Master Bath Upgrades REIs Can’t Afford to Ignore

By |2016-11-21T10:00:14+00:00November 21st, 2016|Categories: Flipping, Hard Money, Hard Money Loans, REIs, Remodeling Tips|Tags: , , , , |0 Comments

When it comes time to renovate your investment property, you may be wondering where to start. No matter how much remodeling your flip requires, one of the main areas homebuyers will focus on is the master bathroom. If you’re flipping a home, you’re probably looking for ways to save the most money. Make sure your budget allows for upgrades in the master bathroom—this is not an area you want to skimp on. Your best bet would be to save money in other areas of the home, and make the master bath one of the key focal points. Amazing Master Bath

12 11, 2016

Determining Fair Market Value

By |2016-11-12T10:00:04+00:00November 12th, 2016|Categories: Business, Hard Money, Hard Money Loans, Investing, Investment, Investment Properties, Investments, Real Estate, Realtors, REIs|Tags: , , , , , , |0 Comments

If you’re considering buying a home to fix and flip, the time to calculate fair market value is before you make the purchase. Even if you think it will be the deal of the century, the price you pay for the home now doesn’t necessarily have anything to do with its fair market value. The real estate market is constantly moving, and what’s high today could be low tomorrow. It usually doesn’t happen that quickly, but you’ll need to be aware that even a month or two can make a huge difference. Calculating Fair Market Value Calculating fair market value is

23 09, 2016

3 Ways to Stay On Your Game as a Real Estate Investor

By |2016-09-23T10:00:52+00:00September 23rd, 2016|Categories: Business, Hard Money, Investment, REIs|Tags: , |0 Comments

Real estate investing isn’t always easy. In fact, it can be pretty tough to stay motivated when you’re working on a particularly difficult home, having a tough time selling a property that you know is a great deal, or you’re in-between investments. So what can you do to stay on your game, even when the game isn’t working out the way you want it to? 3 Ways to Stay On Your Game as a Real Estate Investor While it sounds like a cliché, surrounding yourself with people who believe in you—and in your abilities—is one of the most important things